Goldman Sachs CEO: Bitcoin Could Serve as Store of Value, Hints at Fed Rate Cut Delay
- Goldman Sachs CEO backs Bitcoin as potential store of value.
- The CEO’s comments fuels bullish crypto sentiment.
- Fed rate cut delay likely, impacting Bitcoin’s price.
David Solomon, the CEO of Goldman Sachs, supported Bitcoin (BTC) and its status as a store of value. In a CNBC interview, Solomon stated, “Bitcoin could have a use case as a store of value,” essentially putting to rest the debate about BTC’s role as a hedge against inflation.
Solomon also discussed the Olympics, the upcoming U.S. Presidential elections, Fed rate cuts, cryptocurrencies, and more in the six-minute video. While the financier refrained from making a definitive statement on cryptocurrencies or Fed rate cuts, his comments fueled bullish sentiment in the digital asset sector.
In a post on X (formerly Twitter), financial researcher Danny Marques noted that Solomon avoided making an absolute statement because “the global reaction to Goldman positioning as ‘we like and are full on Bitcoin’ would trigger a supply shock to BT…
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